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Global X ETFs Announces Launch of Four China-Related UCITS Funds on London Stock Exchange

Posted: 28 March 2023

LONDON, 28 March, 2023 -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of four China-related funds on London Stock Exchange: The Global X China Electric Vehicle and Battery UCITS ETF (CAUT), the Global X China Clean Energy UCITS ETF (CCLN), the Global X China Cloud Computing UCITS ETF (CCLD), and the Global X China Biotech UCITS ETF (CBIO).

Ticker ISIN Product Name Exchange
CAUT IE00094FRAA6 Global X China Electric Vehicle and Battery UCITS ETF LSE
CCLN IE000TMA7T63 Global X China Clean Energy UCITS ETF LSE
CCLD IE000HU1UG00 Global X China Cloud Computing UCITS ETF LSE
CBIO IE0004LIBFM2 Global X China Biotech UCITS ETF LSE

After several years of strict “zero-Covid” measures, China’s recent economic reopening should help boost the country’s growth prospects across a diverse range of sectors. China plays an increasingly important role in areas such as cloud computing and biotechnology, and backed by strong government support, both are quickly maturing from infancy to leading global positions. For example, China’s health care sector is expected to be worth $2.4 trillion by 2030. China is also leading the way when it comes to clean technology and the shift toward renewables. The Chinese electric vehicle market is forecast to hit 10 million units per year as soon as 2025. Investors seeking strong long-term global growth prospects may consider increasing their exposure to structurally well-positioned Chinese sectors.

The Chinese government has shifted its investment focus toward technology and sustainability, which creates key opportunities for investors following its recent economic re-opening. I am thrilled that Global X is launching these key China-related funds on London Stock Exchange, providing European investors with access to some of the country’s most promising growth sectors.

said Rob Oliver, Head of Business Development, Europe.

These four funds carry an expense ratio of 0.68%.

About Global X ETFs

Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features over 100 ETF strategies and over $37 billion in assets under management. While we are widely recognized for our Thematic Growth, Income, Commodity and International Access ETFs, we also offer Core, Risk Management, Digital Asset, and other solutions to suit a range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.eu.

Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $482 billion in assets under management worldwide. Mirae Asset has an extensive global ETF platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $80bn in assets under management.

Prospectuses and Key Investor Information Documents (KIIDs) for this fund is available in English at www.globalxetfs.eu.

This information is not intended to be individual or personalised investment or tax advice and should not be used for trading purposes. Please consult a financial advisor or tax professional for more information regarding your investment and/or tax situation.

Investing involves risk, including the possible loss of principal.

Information provided by Global X Management Company LLC (Global X ETFs or Global X).

This material has been approved as a financial promotion, for the purposes of section 21 of the Financial Services Market Act 2000 (FSMA), by Resolution Compliance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN:574048).